GOP: Pay the Bond Holders First
After the president effectively blasted the GOP's "hostage taking" over a possible default yesterday, the GOP's answer today is legislation directing the Treasury to pay bond holders their interest first, ahead of everything else. Aside from not being practical, as fellow Republicans note, the political tone deafness by the usual Tea Party and Club for Growth nutcases is amazing.
The GOP is telling America that it is more important that Chinese, Japanese, and other foreign investors get paid first, ahead of the military, Medicare providers, air traffic controllers, food inspectors, the FBI and Homeland Security staff, and even perhaps Social Security recipients.
Is that really the message you want to carry into the 2014 midterms?
Maybe Obama should respond by closing down all federal offices and spending in the House GOP districts first.